8260 SW 24th St #6203 · North Lauderdale, FL 33068

$142,000

2 bd · 2.0 ba · 1,300 sqft · Condo public records · 66 Days on market

Built 1977 $808/mo HOA · 35% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• Schools +4.1/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Renovated 2/2 Condominium in a senior 55+ community. Second floor unit with a beautiful canal view. Impact glass windows and sliding door. Newer AC and Tankless water heater. Screened balcony. Laminate and tile floors. Bright and spacious. Huge Walk-in closet. Tastefully updated Kitchen and bathrooms. Extra storage. New roof. New Elevator. Clubhouse with Gym and Library. Monthly fee includes Water, High Speed Internet, Cable, Insurance and Pest control. Centrally located. Lobby secured building. No pets are allowed unless approved by Association. No renting is allowed. Move in ready!

Key facts

• Huge walk-in closet
• Canal view
• Impact glass windows

Tags

• CANAL VIEW
• IMPACT GLASS WINDOWS
• SCREENED BALCONY
• HUGE WALK-IN CLOSET
• UPDATED KITCHEN
• EXTRA STORAGE

Property features AI

Finance

• Other: Pets not allowed; 343 units in the community
• HOA & community: Oakbrook Village Association; Monthly HOA fee of $808; HOA covers cable TV, insurance, internet, grounds and structure maintenance, pest control, sewer, trash, water, common areas, elevator, roof repairs, and pool service; Community amenities include billiard room, clubhouse, fitness center, laundry, pool, storage, tennis courts, trash chute, internet included, library, and lobby; Senior community

Exterior

• Parking: 1 parking space; Asphalt parking; Guest parking; Open parking
• Security: Smoke detectors; Security system; Entry phone/intercom
• Utilities: Public water; Public sewer; Cable available; Electricity available; Sewer available; Water available
• Home design: Condominium; Updated/remodeled resale unit; Second-floor entry (entry level 2); Faces west
• Construction: CBS construction; Flat roof; 3-story building
• Exterior features: Private heated pool; Waterfront (other); Asphalt road surface; Guest and open parking areas

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (main level)
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Walk-in closets; Split bedroom layout; Blinds on windows; Furnished status negotiable
• Laundry & utility: Building laundry (community amenity listed)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $142k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $142k).
• Recommended offer: $133k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 4.3% in North Lauderdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#230 in FL, #3,635 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: commute C-, employment D, amenities F.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Pinewood Elementary School (math 59% / reading 53%, grade C+, #832 of 2,144 statewide, top 40%, 666 students, 76% FRL); Piper High School (math 12% / reading 35%, grade F, #533 of 667 statewide, top 80%, 2,310 students, 65% FRL) — zoned schools average 71% FRL vs 51% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.7%/yr); 298 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 44% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $982 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $90k; list at $142k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.

Recommended offer $133,480 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.64% ✓
• Cap rate: 7.34%
• Cash-on-cash: 3.73%
• DSCR: 1.17
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.46×
• Total profit: $-21,474
• Equity at exit: $21,173

10-year hold

• IRR: -20.8%
• Equity multiple: 0.17×
• Total profit: $-32,952
• Equity at exit: $12,278

Cash invested: $39,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33068

• Rents YoY: -0.7%
• Active inventory: 298
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,328 high
• Mortgage (P&I): −$745
• Tax from tax record: −$104 /mo · $1,245/yr
• Insurance: −$59
• HOA: −$808
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $124

Break-even live

Break-even rent $2,172

Max offer price $142,000

Occupancy floor 90%

Sensitivity live

Price	-10% $204	-5% $164	+0% $124	+5% $83	+10% $43
Rent	-10% $-60	-5% $32	+0% $124	+5% $216	+10% $308
Rate	-1.0pp $195	-0.5pp $160	base $124	+0.5pp $87	+1.0pp $49

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5718 NW 66th Ave Unit n/a Tamarac, FL	2.0	1.0	1118	$2,700	$2.42	25d	1	0.12mi
6710 NW 58th Ct Tamarac, FL	2.0	2.0	1287	$2,450	$1.90	25d	1	0.13mi
6717 NW 59th St Tamarac, FL	3.0	2.0	1587	$3,700	$2.33	21d	1	0.16mi
5713 NW 65th Ter Tamarac, FL	2.0	1.0	884	$2,200	$2.49	25d	1	0.17mi
2306 SW 82nd Ter Unit 2306 North Lauderdale, FL	2.0	2.5	1332	$2,300	$1.73	25d	1	0.18mi
8103 SW 24th St Unit B-32 North Lauderdale, FL	2.0	2.0	1530	$2,400	$1.57	25d	1	0.18mi
8140 SW 22nd St North Lauderdale, FL	3.0	2.0	1084	$2,750	$2.54	21d	1	0.29mi
6020 NW 64th Ave Tamarac, FL	1.0–2.0	1.0–2.0	770	$1,700	$2.21	5d	3	0.32mi
6020 NW 64th Ave Tamarac, FL	1.0–2.0	1.0–2.0	770	$1,700	$2.21	25d	4	0.32mi
5860 NW 64th Ave Tamarac, FL	1.0–2.0	1.0–2.0	770	$1,700	$2.21	8d	3	0.33mi
5860 NW 64th Ave Tamarac, FL	1.0–2.0	1.0–2.0	770	$1,700	$2.21	25d	2	0.33mi
6300 NW 62nd St Tamarac, FL	1.0–2.0	1.0–2.0	770	$1,700	$2.21	2d	3	0.36mi
6070 NW 64th Ave #204 Fort Lauderdale, FL	2.0	2.0	880	$1,700	$1.93	3d	1	0.37mi
6051 NW 61st Ave Tamarac, FL	2.0	2.0	965	$1,675	$1.74	16d	2	0.42mi
8172 S Coral Cir North Lauderdale, FL	3.0	2.5	1460	$2,699	$1.85	25d	1	0.43mi
6161 NW 57th Ct #103 Tamarac, FL	2.0	2.0	880	$2,200	$2.50	25d	1	0.47mi
1820 N Lauderdale Ave #3117 North Lauderdale, FL	2.0	2.0	1000	$1,850	$1.85	25d	1	0.53mi
1820 N Lauderdale Ave #3416 North Lauderdale, FL	2.0	2.0	1000	$2,000	$2.00	22d	1	0.53mi
1721 SW 81st Ter North Lauderdale, FL	3.0	2.5	1404	$2,750	$1.96	8d	1	0.54mi
1810 SW 81st Ave Unit 2215 North Lauderdale, FL	2.0	2.0	1000	$1,900	$1.90	25d	1	0.55mi
1810 SW 81st Ave Unit 2215 North Lauderdale, FL	2.0	2.0	1000	$1,850	$1.85	8d	1	0.55mi
1810 SW 81st Ave Unit 2209 North Lauderdale, FL	2.0	2.0	1000	$1,700	$1.70	21d	1	0.55mi
1810 SW 81st Ave #2314 North Lauderdale, FL	2.0	2.0	1000	$1,850	$1.85	14d	1	0.55mi
1726 SW 81st Ter Unit 1726 North Lauderdale, FL	3.0	2.5	1404	$2,900	$2.07	25d	1	0.55mi
7313 NW 57th Ct Tamarac, FL	2.0	1.0	1082	$2,600	$2.40	25d	1	0.57mi
7309 NW 62nd St Tamarac, FL	2.0	2.0	1062	$2,950	$2.78	25d	1	0.59mi
1800 SW 81st Ave Unit 1307 North Lauderdale, FL	2.0	2.0	1000	$2,000	$2.00	18d	1	0.59mi
1600 Coral Ave Unit 1600 North Lauderdale, FL	3.0	2.5	1460	$3,500	$2.40	25d	1	0.59mi
8308 N Coral Cir Unit N/a North Lauderdale, FL	3.0	2.5	1755	$3,000	$1.71	25d	1	0.59mi
5903 NW 57th Ct Tamarac, FL	1.0–3.0	1.0–2.0	1080	$2,330	$2.16	3d	30	0.61mi
5500 NW 69th Ave Lauderhill, FL	2.0	1.0–2.0	947	$1,995	$2.11	22d	14	0.63mi
1204 Belmont Ln Unit 1204 North Lauderdale, FL	1.0	1.0	878	$1,800	$2.05	25d	1	0.69mi
2707 Belmont Ln Unit 1 North Lauderdale, FL	3.0	2.0	1553	$2,250	$1.45	25d	1	0.69mi
1002 Belmont Ln #1002 North Lauderdale, FL	1.0	1.0	878	$1,900	$2.16	25d	1	0.69mi
1308 Belmont Ln #1308 North Lauderdale, FL	2.0	2.0	1035	$2,000	$1.93	18d	1	0.69mi
1302 Belmont Ln #1302 North Lauderdale, FL	1.0	1.0	878	$1,850	$2.11	25d	1	0.69mi
1308 Belmont Ln #1308 North Lauderdale, FL	2.0	2.0	1035	$2,000	$1.93	8d	1	0.69mi
1307 Belmont Ln #1307 North Lauderdale, FL	3.0	2.0	1480	$2,350	$1.59	25d	1	0.69mi
2008 Belmont Ln #2008 North Lauderdale, FL	3.0	2.0	1480	$2,400	$1.62	25d	1	0.69mi
1507 Belmont Ln #1507 North Lauderdale, FL	3.0	2.0	1553	$2,300	$1.48	25d	1	0.69mi

HOA detail condo

• Monthly dues: $808 · $9,696/yr
• Likely covers: waterinternetcablegym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $142,000 Active 66 DOM
2. 2026-06-17
   days on market $142,000 Active 65 DOM
3. 2026-06-16
   days on market $142,000 Active 64 DOM
4. 2026-06-15
   days on market $142,000 Active 63 DOM
5. 2026-06-13
   days on market $142,000 Active 61 DOM
6. 2026-06-09
   days on market $142,000 Active 57 DOM
7. 2026-06-08
   days on market $142,000 Active 56 DOM
8. 2026-06-07
   days on market $142,000 Active 55 DOM
9. 2026-06-04
   days on market $142,000 Active 52 DOM
10. 2026-06-03
    days on market $142,000 Active 51 DOM
11. 2026-06-02
    days on market $142,000 Active 50 DOM
12. 2026-06-01
    days on market $142,000 Active 49 DOM
13. 2026-05-31
    days on market $142,000 Active 48 DOM
14. 2026-04-10
    listed $142,000 Active
15. 2020-03-17
    soldstatus $90,000
16. 2014-10-06
    soldstatus $44,900
17. 2007-01-29
    soldstatus $90,000
18. 1983-06-01
    soldstatus $59,000
19. 1977-07-01
    soldstatus $36,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,245 · $104/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $27,937
• − Mortgage interest: −$7,954
• − Property taxes: −$1,245
• − Insurance: −$710
• − Repairs & maintenance: −$2,235
• − Management: −$2,235
• − HOA: −$9,696
• − Depreciation: −$4,131
• Taxable loss: −$269
• Est. tax savings @ 24.0%: +$65
• After-tax cash flow: $1,548/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — North Lauderdale

• Score: 76/100
• State rank: #230
• US rank: #3635

Category grades

Amenities F Commute C- Cost of living A Crime C+ Employment D Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Lauderdale, FL
• County: Broward County · 1,963,430 people
• City population: 54,439
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 54,439
• Household income: $64,051
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 3073.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 58% Hispanic / Latino 21% Two or more races 13% White 11% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 1% Dominican 3%
• Common ancestry: Hispanic 17% Estonian 1% Lithuanian 1%
• Foreign-born: 47% · Canada, Jamaica, Vietnam
• Languages at home: 59% English-only · Spanish 19% French/Haitian/Cajun 15% Other Indo-European 2%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -317.60%
• Current HPI: 426.2972
• Rent YoY: ▼ -0.74%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+289.0% since first listed

6 events — show timeline

• 2026-04-10 Listed $142,000 Beaches MLS
• 2020-03-17 Sold (Public Records) $90,000 Public Records
• 2014-10-06 Sold (Public Records) $44,900 Public Records
• 2007-01-29 Sold (Public Records) $90,000 Public Records
• 1983-06-01 Sold (Public Records) $59,000 Public Records
• 1977-07-01 Sold (Public Records) $36,500 Public Records

Property tax history

+8.1%/yr

Latest (2025): $1,245 · +1.6% YoY. Source: county tax records.